Wealthier shoppers turn to Walmart for groceries
By Nathaniel Meyersohn, CNN Business Wealthier customers pinched by inflation are switching to Walmart for groceries, boosting sales at…
Continue ReadingMoney
How the crypto fallout could affect you
By Nicole Goodkind, CNN Business The crypto industry is still reeling from last week’s shocking death spiral of digital currency exchange FTX.…
Continue ReadingFTX crash is eerily similar to the Bernie Madoff scandal, ex-regulator Sheila Bair says
By Matt Egan, CNN Business In the span of just three years, Sam Bankman-Fried built FTX into a massive crypto exchange backed by marquee investors…
Continue ReadingKraft Heinz turns to gimmicks and nostalgia to revive its ‘dusty’ brands
CNN, CNN BUSINESS By Danielle Wiener-Bronner, CNN Business Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the…
Continue ReadingKraft Heinz turns to gimmicks and nostalgia to revive its ‘dusty’ brands
By Danielle Wiener-Bronner, CNN Business Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the company’s iconic…
Continue ReadingWho is Binance founder Changpeng ‘CZ’ Zhao, the billionaire who wants to ‘rebuild’ crypto?
POOL, GETTY, FTX, CNN By Michelle Toh, CNN Business Binance founder and CEO Changpeng Zhao is once again in the global spotlight, this time as the…
Continue ReadingWho is Binance founder Changpeng ‘CZ’ Zhao, the billionaire who wants to ‘rebuild’ crypto?
By Michelle Toh, CNN Business Binance founder and CEO Changpeng Zhao is once again in the global spotlight, this time as the self-appointed white…
Continue ReadingWarren Buffett’s company buys $4 billion stake in Taiwanese chip giant TSMC
By Diksha Madhok, CNN Business Shares of Taiwan Semiconductor Manufacturing Company surged on Tuesday after Warren Buffett’s Berkshire Hathaway…
Continue Reading48,000 University of California academic workers go on strike
By Stella Chan and Taylor Romine, CNN About 48,000 academic employees across the University of California system walked off the job Monday morning,…
Continue ReadingMacKenzie Scott announces another $2 billion in donations
By Ramishah Maruf, CNN Business Billionaire philanthropist MacKenzie Scott has donated almost $2 billion to more than 300 organizations in the last…
Continue ReadingA third railroad union rejects proposed contract, further raising the odds of a strike
By Chris Isidore and Vanessa Yurkevich, CNN Business A third railroad union has rejected a tentative labor deal, a move that further raises the odds…
Continue ReadingCustomers who trusted crypto giant FTX may be left with nothing
CNN By Allison Morrow, CNN Business As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how…
Continue ReadingSlower pace of rate increases could be coming ‘soon,’ says Fed vice chair
By Alicia Wallace, CNN Business It could soon be time for the Federal Reserve to ease up on its super-sized rate interest hikes, according to the…
Continue ReadingCustomers who trusted crypto giant FTX may be left with nothing
By Allison Morrow, CNN Business As the dust settles from one of the most shocking financial implosions in history, one of the key unknowns is how…
Continue ReadingHold off on big purchases like TVs, Jeff Bezos warns
By Brian Fung, CNN Business Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the…
Continue ReadingTech stocks have been crushed. What’s next for the FAANGs?
By Paul R. La Monica, CNN Business The great bull run for tech stocks may finally be over. It has been a brutal year for the leading companies of…
Continue ReadingWhat’s behind wide salary ranges after New York’s pay transparency law
By Jeanne Sahadi, CNN Business It’s not unusual for two people with the same title to be paid somewhat different salaries. Pay, after all, is…
Continue ReadingTesla heads to court to defend Elon Musk’s pay
CNN By Matt McFarland, CNN Business Tesla headed to court today to defend the huge compensation package that helped make CEO Elon Musk the richest…
Continue ReadingTesla heads to court to defend Elon Musk’s pay
By Matt McFarland, CNN Business Tesla headed to court today to defend the huge compensation package that helped make CEO Elon Musk the richest person…
Continue ReadingJeff Bezos’ top tips for managing the economic downturn
CNN By Brian Fung, CNN Business Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in…
Continue Reading